Daily Newsletter: China Shocker Sends Rates Back to High 3's; Foreclosure Picture Improving; Sparse Listings Fuel Prices

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30 Year Fixed 3.95%   -0.05 15 Year Fixed 3.21%   -0.03 10YR Treasury 2.14%   -0.0914 FNMA 30YR 3.5 104.00   +0.45 FNMA 15YR 2.5 103.81   +0.28 View Today's Rates

Tuesday August 11, 2015 Mortgage Rate Watch - 6:14PM Mortgage Rates Back Into High 3's After China's Policy Change Mortgage rates dropped quickly today, bringing many lenders back to quoting conventional 30yr fixed rates of 3.875% for top tier scenarios. The motivation came from China. What's up ... MND NewsWire - 3:44PM Employment, Home Price Gains Improving Foreclosure Picture Completed foreclosures in June were down 63.3 percent from the peak reached in September 2010. That month, just before the robo-signing scandal forced a temporary moratorium on foreclosures ... MND NewsWire - 3:40PM Sparse Listings Continue to Drive Home Prices There was an uptick in national existing home sales in the second quarter of 2015 of 6.6 percent the National Association of Realtors® (NAR) said on Tuesday. The increase in sales ... Pipeline Press - 11:25AM HUD Settles with Two Lenders; Trends in Home Buying; Ginnie News Is it really easier to get a mortgage these days? Well... After mortgage backers Fannie Mae and Freddie Mac clarified their credit qualification standards last fall to encourage lenders ... MBS RECAP: Bonds Hold Big Gains as Global Markets Shed Risk Credit Unions Gaining Mortgage Market Share MBS MID-DAY: Bonds at Best Levels in More Than 2 Months MBS Day Ahead: The Point Is, You Don't Know Latest Video Closing Bell Exchange: Fed interest rate bargain China throws currency curveball Treasury yields hit key technical level More News from 'Around the Web' Bloomberg - 4:27PM Only One in 10 San Franciscans Can Afford to Buy a House CNBC - 2:40PM 'More damaging than Great Recession' CNBC - 2:13PM Insana: Is a Sept hike less likely now? CNBC - 2:13PM Don't be distracted by China: Goldman's Kostin CNBC - 2:11PM 10-year yield falls 11 basis points WSJ - 12:32PM Home Prices Soar in Some Metro Areas rss.nytimes.com - 11:16AM Economic Trends: Why Did China Devalue Its Currency? Two Big Reasons Reuters - 9:17AM U.S. productivity rebounds, but trend remains weak CNBC - 9:17AM Is crude oil driving inflation expectations? CNBC - 8:56AM US Treasury yields sink after China currency move Today's Comments MBS Commentary - 1:33PM "This is awesome. Maybe he's just trying a different approach to his 'there is not housing bubble comment' back in June 2005. But then again--he gave himself an out back then: "Regulators who are required to forecast have had a woeful record of chronic failure. History tells us they cannot identify the..." MBS Commentary - 1:14PM "Perfect!..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.95% -0.05 15 Yr FRM 3.21% -0.03 FHA 30 Year Fixed 3.65% -0.10 Jumbo 30 Year Fixed 3.74% -0.05 5/1 Yr ARM 2.98% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.26% 1.25 -0.06 30 Yr. Fixed 3.90% 1.28 -0.03 MBA ** 30 Yr. Fixed 4.23% 0.34 +0.00 15 Yr. Fixed 3.43% 0.34 +0.00 30 Yr. Jumbo 4.16% 0.33 -0.04 30 Yr. FHA 4.00% 0.17 -0.02 5/1 ARM 3.08% 0.41 -0.05 Freddie Mac ** 30 Yr. Fixed 3.91% 0.60 -0.07 15 Yr. Fixed 3.13% 0.60 -0.04 1 Yr. ARM 2.54% 0.30 +0.02 5/1 Yr. ARM 2.95% 0.40 +0.00 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR FNMA 3.0 100.88 +0.55 30YR FNMA 3.5 104.00 +0.45 30YR GNMA 3.0 101.81 +0.48 30YR GNMA 3.5 104.47 +0.33 15YR FNMA 3.0 103.81 +0.28 15YR FNMA 2.5 101.53 +0.31 Treasuries Yield Change 2 YR 0.6771% -0.0519 5 YR 1.5250% -0.0901 10 YR 2.1409% -0.0914 30 YR 2.8092% -0.0891 Prices as of: 8/11/2015 4:31PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2015 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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